The Peel International Trade Centre (ITC) is a four-phased development totalling in excess of 2.5 million square feet with plans to enable up to 1,000 separate companies from China, India, South Korea or other emerging economies, to exhibit, sell, assemble and distribute their goods into the UK, Irish and European markets. The ITC will be the first of its kind in the United Kingdom and the largest and most sustainable Trade Centre in Europe.
It will build on the links established by Wirral Council and Peel Holdings at the 2010 Shanghai Expo as well as other links with China and Korea, and will support the growth of the Northwest as a location for investment, new businesses and existing business expansion in a wide range of sectors including construction, clothing, furniture and electrical.
David Percival MBE, UKTI Head of Investment Teams, China said:
"On behalf of UKTI I am delighted Peel's International Trade Centre has been granted planning permission. It has been my pleasure to work with Peel to get the project to this stage. UKTI works to attract world class foreign companies to invest in the UK which is a perfect fit with the goals of the Peel ITC. I look forward to working with Peel to attract such companies from China that I am sure will deliver significant economic benefits including hundreds of jobs to the Wirral, The North West and the UK."
Already attracting substantial interest in China, Stella Shiu, a high-ranking member of the Chinese government and Chairman of multi-million dollar company Sam Wa Minerals, are to be Peel's joint venture partner for phase one of the Peel ITC. Stella said:
"Sam Wa is delighted to be Peel's
partner in this exciting development, working in close
collaboration with Peel to attract Chinese investors and tenants to
the site. With support from Sam Wa's UK team including legal
advisors Martineau and Loynton, Sam Wa has built strong links
between China and the UK at the highest levels, and we are already
seeing huge interest in China to the idea of coming to the